Re:Saudi stocks slump as minister warns of ‘painful’ measure...
by grouseway on Sunday May 03, 2020 @06:29PM
(#23062424)
Venezuela and Syria have survived much worse with fewer resources. There will definately be enough money for the police and military.
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Re:Saudi stocks slump as minister warns of ‘painful’ measure...
by toomuchtodo on Sunday May 03, 2020 @06:31PM
(#23062434)
Those countries are not surviving. They are failed states.
Edit: So too will be Saudi Arabia; they waited too long to take meaningful action to diversify away from oil revenue. Norway is the model for how to avoid the resource curse.
Re:Saudi stocks slump as minister warns of ‘painful’ measure...
by grouseway on Sunday May 03, 2020 @07:02PM
(#23062607)
Yes they are abysmal failed states but the parent said "government". The regimes in those countries are still in place and have survived. The rulers and recipients of their patronage are still in charge.
Re:Saudi stocks slump as minister warns of ‘painful’ measure...
by kingofpandora on Monday May 04, 2020 @02:20AM
(#23065101)
But Syria wasn't exactly an oil-rich country. Sure they had some oil but not game changing levels like in the Gulf.
Also notable is that Syria is a "failed state" largely because of the oil money pumped into the opposition by those same Gulf States.
Re:Saudi stocks slump as minister warns of ‘painful’ measure...
by blaser-waffle on Monday May 04, 2020 @02:41PM
(#23071686)
And political machinations by their neighbors (Israel, plus Lebannon pushing the Alawites north) and other interested parties, e.g. the US supporting anti-Assad militias, Russia backing Assad, etc.